Senior Citizen Deposits

KVB offers term deposits with both cumulative and non-cumulative options for the senior citizens. Moreover, senior citizens are eligible for a preferential rate of interest.

Features and Benefits
  • Resident Indians who have completed 60 years of age are eligible to deposit.
  • Both cumulative and non-cumulative options are available.
  • Deposits are eligible for preferential interest rates for maturity period of one & above and up to five years.
  • Loan available on deposit.
  • Premature closure is allowed, subject to the applicable norms.
Terms and Conditions
  • Proof of age has to be produced.
  • Preferential rate of interest is applicable only for maturity period of one year and above. This rate holds up to five years max.
  • The maximum ceiling limit for extending the preferential rate of interest is Rs. 3 crores in aggregate per depositor.
  • Interest is subject to TDS.
  • Nomination is compulsory.
Interest Rate

To check all Interest rate: Click here

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